The indexing factor for federal tax credits and brackets for 2016 is 1.3%. The following federal tax rates and brackets will be in effect for individuals for the 2016 tax year:
Income level Federal tax rate
$11,327–$45,282 15%
$45,283–$90,563 20.5%
$90,564–$140,388 26%
$140,389–$200,000 29%
Above $200,000 33%